Smaller vs larger denominations in crypto
The large denominations produce a different psychology (the psychology of scarcity). This has a problem though because if for example 1 ETH or 1 BTC is $1000 it does eventually begin to look like it's just for rich people. It begins to look to some in developing countries that it's just too expensive. On the other hand Ripple has smaller denominations and still has quite a high market cap regardless.
In the official documents, it is known that the Agora tokens currently being sold on exchanges are "intermediate tokens". There are going to be roughly 42 million intermediate tokens. When people look at it this way people might think the price of AGRS is high after a certain psychological barrier such as $100. At $100 using the intermediate tokens the market cap would be four billion two hundred million. In crypto this is not that high of a market cap and in tech this is not so high. A tech company can easily reach a market cap of 4 billion and if we remember Snapchat had a market cap far beyond that.
In the case of Tauchain which the goal is to reveal to the world truly novel technological breakthroughs which provide for unique features then we can not predict where the high end for AGRS will be. What we can know is that the price looks vastly different if we look at it via intermediate tokens vs official Agora tokens. 147,000,000,000 tokens can exist according to Ohad.
So we do not sell Zennet coins anymore, and all previous buyers will get Agora, offering no less but much more technological and economical features. The current sale terms are as follows: From now on, we sell 50% of coins for approx $2M: The current price is $100 for 3.5 million (3,500,000) Agora coins, and will go up in 2% every week. Total number of coins is 147,000,000,000.
In this case the true number is 147 billion. These are Ripple like numbers. So a price of between 0.01 and 0.04 USD is per token is reasonable in a good market. The $1 range is if AGRS achieves similar to Bitcoin price success range. This in my opinion would be extremely optimistic. Ultimately no one can predict where the price could move and currently 1 true AGRS is less than a penny.
For people who did take the risk to buy Agora tokens at $100 to get 3.5 million? If it ever does reach $1 level (Ripple or Bitcoin scale success) then you folks are multi-millionaires in the making.
Tauchain: The Social Dispersed Computer introduced as a Social Network? By Dana Edwards. Posted on Steemit. October 12, 2018.
What might a Tau Operating System via a Tau Social Dispersed Computer function like?
We know from tauchain.org that the first iteration of Tau is to be a discussion platform not too dissimilar from Facebook. Of course this would simply be the front end or the "face" of what could behind the scenes evolve toward a social dispersed computer complete with a dispersed operating system. The resources have to be managed and a kernel could provide for this in a manner not dissimilar to what we see with EOS. The Agoras or AGRS token specifically represents "resources" as it is the tokenization of resources for whichever application Tauchain will use.
TML provides the basis from which to create the necessary languages to produce a dispersed operating system computer. Zennet even has an algorithm which Ohad himself worked on for the purpose of calculating the resource requirements. All minds will be able to contribute towards the computational resources (at least in theory) of Tauchain.
Because of Zennet there may in fact not be a limit to the amount of computation resources which we could throw at the super computer. It will of course depend on resource management which is where a kernel likely comes into play because any smart apps built to run on Tau will have to ask for resources. Resource management is one of the core functions of a kernel and of an operating system which is why I think it is likely that Tauchain will have one. I think the Ethereum route shows problems with scaling as applications also have to compete for resources in a way where the network cannot self manage it. Cryptokitties for example can render the whole Ethereum network lagged and if this is a computer then it could mean a nonsense app could disrupt more critical apps.
A prime example of a potential smart app for Tauchain
An example (which may or may not be feasible) is a health and fitness app. The app in theory could allow any user to provide data such as genetic information, blood test results, exercise tracking, blood pressure, blood sugar and anything else. All of this could provide a feedback loop back to the patient on how to improve their health over time based on the knowledge of Tau. As technology gets better the users could add more devices to provide more data for a better feedback loop. As technology evolves FGPAs could be added to meet the demand for calculations and storage can be rented as well.
An operating system could give priority to this kind of app by load balancing the resources. How would it know to do this? Tau could learn the morals, legal ramifications, and a consensus can emerge that health related apps deserve a premium access to resources because it can save lives.
“We are moving into an era where cities will matter more than states and supply chains will be a more important source of power than militaries — whose main purpose will be to protect supply chains rather than borders. Competitive connectivity is the arms race of the 21st century.”
-- Parag Khanna , 
A network is made of lines and switches, right?
Lots have been told about the network scaling effects , including attempts by myself [4-12] ... which compels me to introduce the not so frivolous notion of network forces.
These forces are expressed in several laws. I though initially to say 'forces' and 'laws' here, but I realize they are quite objective and physical emergenta , indeed.
In my ''Geodesic by Tauchain''  article of about couple of months ago I emphasized over the Huber-Hettinga Law , of how cost of switching literally defines the 'orographic'  topology of a network .
The cheaper the routing - the flatter the network.
Expensive switches = hierarchy, verticality, power, control, obey, centalization, 'world is fiat' ,, sollen , hence borders instead of bridges, limitations not stumulae, exclusivity ...
Cheap switching = geodesic society , 'world is flat', horizontality, p2p, decentralization, inclusivity ...
The more vertical by centralization a network is - the more it must deplete information - to omit, to ignore calls from the deeps or to even actively suppress or silence nodes. To cope with the stream by strangling it. Simply due to lesser capacity, less degrees of freedom . Geodesic networks possess higher entropy  and therefore are richer. They bolster higher both Scrooge  and Spawn  factors. With other words:
The flatter the network - the richer  it is.
Maybe the explanation on why the wealthiest-healthiest societies tend to be those who are with biggest economic-political freedom. 
Naturally the Huber-Hettinga Law led me to the elementary-watson  conclusion of the power and value of Tau as the ultimate über -switch. So far so good.
Now lets stare in the Lines. Here comes Nick Szabo .
Nick Szabo - a lawyer AND computer scientist - is a legendary figure from the great 'Archaic era of crypto'  - the 1990es when he, together with the other cypherpunk  titans like Tim May , Wei Dai , Bob Hettinga  etc. etc., poured the very baserock foundations in a staggering detail of what we enjoy now as Crypto  in the post-Satoshi  era.
It is THEIR vision came true we all now live in.
Bitcoin was a detonation of namely that critical mass of fused thoughts, of namely these very smart people, piled up and compressed by the connective network forces of the early internet .
No, I do not mean at all Szabo's most famous thing - the 1994 coining of the term of 'smart contracts' . In fact I deeply and strongly reject the very notion of 'smart contracts' - as utter non-sense, even as an oxymoron - which is an yuge separate problem, which I suspect that I nailed it, and I'll address in series of dedicated articles starting in the upcoming weeks...
I mean something much more valuable, what I call the Szabo Law.
When we hear the phrase 'networking effects' the first what comes to mind is the famous Metcalfe law .
''Metcalfe's Law is related to the fact that the number of unique connections in a network of a number of nodes (n) can be expressed mathematically as the triangular number n(n − 1)/2, which is proportional to n2 asymptotically (that is, an element of BigO(n2)).''
In the above order of appearance these network forces laws respect quantitatively the basic properties of a network as:
- Huber-Hettinga Law - the cost of switches and routing.
- Metcalfe Law - the number of nodes, i.e. switches defining the number of unique connections or lines.
- Szabo Law - the cost of the lines and connecting.
All these Laws are scaling ,  laws. Before we to come back to and continue on Szabo Law, we have to briefly mention another one .:
''So what is “scaling”? In its most elemental form, it simply refers to how systems respond when their sizes change. What happens to cities or companies if their sizes are doubled? What happens to buildings, airplanes, economies, or animals if they are halved? Do cities that are twice as large have approximately twice as many roads and produce double the number of patents? Should the profits of a company twice the size of another company double? Does an animal that is half the mass of another animal require half as much food?'' ... With Dirk Helbing (a physicist, now at ETH Zurich) and his student Christian Kuhnert, and later with Luis Bettencourt (a Los Alamos physicist now an SFI Professor), Jose Lobo (an economist, now at ASU), and Debbie Strumsky (UNC-Charlotte), we discovered that cities, like organisms, do indeed exhibit “universal” power law scaling, but with some crucial differences from biological systems.Infrastructural measures, such as numbers of gas stations and lengths of roads and electrical cables, all scale sublinearly with city population size, manifesting economies of scale with a common exponent around 0.85 (rather than the 0.75 observed in biology). More significantly, however, was the emergence of a new phenomenon not observed in biology, namely, superlinear scaling: socioeconomic quantities involving human interaction, such as wages, patents, AIDS cases, and violent crime all scale with a common exponent around 1.15. Thus, on a per capita basis, human interaction metrics (which encompass innovation and wealth creation) systematically increase with city size while, to the same degree, infrastructural metrics manifest increasing savings. Put slightly differently: with every doubling of city size, whether from 20,000 to 40,000 people or 2M to 4M people, socioeconomic quantities – the good, the bad, and the ugly – increase by approximately 15% per person with a concomitant 15% savings on all city infrastructure-related costs.
Which probably comes to denote the shear size of the network in STEM (space, time, energy, mass) , I'm not sure, but I have some strong suspicions about the unity of matter, structure and action which I will expose and share some other time.
What I call Szabo's Law reveals in his ''Transportation, divergence, and the industrial revolution''(Thu, Oct 16, 2014)  that similarly to Metcalfe's (''double the population, quadruple the economy'') there is power-law  correlation between the cost of connections or links or lines ... and the value of the network, too.:
''Metcalfe's Law states that a value of a network is proportional to the square of the number of its nodes. In an area where good soils, mines, and forests are randomly distributed, the number of nodes valuable to an industrial economy is proportional to the area encompassed. The number of such nodes that can be economically accessed is an inverse square of the cost per mile of transportation. Combine this with Metcalfe's Law and we reach a dramatic but solid mathematical conclusion: the potential value of a land transportation network is the inverse fourth power of the cost of that transportation. A reduction in transportation costs in a trade network by a factor of two increases the potential value of that network by a factor of sixteen. While a power of exactly 4.0 will usually be too high, due to redundancies, this does show how the cost of transportation can have a radical nonlinear impact on the value of the trade networks it enables. This formalizes Adam Smith's observations: the division of labor (and thus value of an economy) increases with the extent of the market, and the extent of the market is heavily influenced by transportation costs (as he extensively discussed in his Wealth of Nations).''
My encounter with this article of Nick Szabo's was a goosebumps experience for me, cause it coincided with series of lay rants of mine on the old Zennet irc chat room of Tau that ''computation =communication =transportation''. Somewhere in 2016 as far as I remember. :)
Maybe it was the last drop to shape my conviction that by my dedicated involvement in both Tau and ET3 , , , I'm actually working for ... one and a same project.
For communication, computation and transportation being modes of state change. Cause information is a verb, not a noun. And software being states of hardware.
''Decentralizing the internet is possible only with decentralized physical infrastructure.'' 
Just like the brain is a network computer of neuron nanocomputers , the emergent composite we colloquially call humanity or mankind or economy or society or world ... is a network computer made of all us billions of humans.
Brains do thought, economies do wealth.
Integrated circuitry  upon the face of planet Earth as a motherboard . Literally. The Humanity's planet-hardware. Parag Khanna's Connectography explained.
The Earth is definitely not our ultimate chip carrier . Probably there ain't limit at all of our culture-upon-nature hardware upgrades, see: , . The universe is our computronium  and we've been here for too short and haven't seen far enough. Networking is connectomics . And thus it always also is metabolomics .
Remember my last month's  ''Tauchain the Hanson Engine''?
The series of exponentially shortened growth doubling times looks like driven by transportation technological singularities : domestication of the horse, oceanic navigation, combustion engine ...
In the light of all the net forces summoned above: The planet Earth viewed as a giant computer chip ...
- itself is a subject of the relentless network entropic  force of the Moore's law 
The network forces accelerate what that wealth computer does.
Two quick examples:
A.: The $1500 sandwich  as a proof that trade+production is at least thousands of times stronger in sandwich-making than production alone.
B.: The example of Eric Beinhocker in his 2006 ''The Origin of Wealth''  about the two contemporary tribes of the Amazonian Yanomami  - a stone age population nowadays and the Eastcoastian Manhattanites . That the former are only about 100 times poorer, but the later enjoy billions of times bigger choice of things to have.
Tauchain 'threatens' to affect the parameters of ALL the network forces formulae mentioned herewith in a mind-bogglingly big scale.
Simultaneously, orders of magnitude :
- lower switch cost
- higher nodes count 
- lower connection cost
A wealth hypercane  recipe. Perfect value storm. Future ain't what it used to be .
''Tau solves the problems from the Tower of Babel to the Tower of Basel''
- an early 21st century yet undisclosable author
Okay, dearest friends, lets pull sleeves up and start with it. Vivisection of the Scriptures? Revelation by transfiguration? Pulling the Tau from the ocean of wisdom out on the dry no-Maths-land? I hope not.
The quote above on first glance sounds so pompously biblical, but in fact it denotes the crystal clear and simple practical and mundane rationale of Tau which I already tried to approach from few angles , .
It is about the hierarchic bottleneck of one unscaling ,  Humanity. Take the hint about leveling of the Towers as a poetic symbol of elimination of the social 'verticality' -- the hierarchies as a so far necessary evil to compensate certain innate neurological limitations , , ,  -- and reforming  the network we are embedded into and usually call mankind or society or economy or world into an as geodesic as possibly possible one . For the sake of its own functional programmatic optimization .
Notice that towers leveling is not by demolition, but by uplifting the overall landscape level to and above the tower tops, turning them into deep roots or support pylons of asymptotically geodesic society .
Apparently, mentioning the Gate of God  denotes the unmixing  of languages & mentioning the apex global fiat settlement institution  - the excelling of the current fiat procrustics  i.e. the economy aspect.
That is: TML to Agoras . The first and last of the totally six identified aspects or steps of the social choice  as addressed by what we call Tau.
''our six steps of language, knowledge, discussion, collaboration, choice, and knowledge economy''
These aspects deserve of course separate zoom-in exegetic chapters and they'll definitely get it. I promise. And not only they.
Any exegesis of Tau unavoidably must start with scroll back and tracking down of the full history of the development so far. As a zoom out to see the full picture and to identify the dominant features of the landscape relief.
You, I reckon, already noticed this retrodictive inclination of mine , that in my mind the notion of ''Timeline of Development'' can not be by any logic just a handful of milestone promises thrown into the future, but it is a must to account for the up to now trajectory, too! No future without past.
It all started as Zennet , continued as Tau-chains  and 'turned' into aka 'newtau' , , , .
Wait! A New Tau?
Excuse me, Ohad, but I personally do not buy that and I said it many times. There ain't old and new Tau. The situation is much more straightforward and grokkable . Here it is:
Lotsa guts, balls, butt, brains or whatever human offal... is required for each of us to admit a mistake made in our everyday life. Generally quite a strength is needed to even look ourselves into the mirror...
It takes a whole Ohad though, to keep all oneself's work totally public and transparent even on the full and unedited live record of the infil  into entire branch of mathematics  and then throwing it all away as untauful. We witnessed that reported in real time!
Did this change the ends? No. But sorted out the means to an end.
Was it a 'mistake'? In no case. It was duly delivered R&D effort.
Was oldtau looking promising on first glance? Yes, of course it did.
Did it survive the Ohad's R&D 'crash-testing'? No, it didn't.
Was it a ''juice worth the sqweeze''? It was.
Was it a job well done? Absolutely.
The oldtau materials are for me legacy jewels. Like those dinosaur bugs trapped into blobs of amber .
Development is a process, not just results shipping. Related like cooking and serving.
Studying the zoom-out dev map we observe these few major landmarks:
The Zennet province is all right. Its gently rolling hills gradually merge into the Tau lands proper with the inevitable realization that a 'world supercomputer' can not be a Tauless thing. Zennet lives in Tau with .:
''... having a decentralized search engine requires Zennet-like capabilities, the ability to fairly rent (and rent-out) computational resources, under acceptable risk in the user's terms (as a function of cost). Our knowledge market will surely require such capabilities, and is therefore one of the three main ingredients of Agoras... hardware rent market...''
We move over through the oldtau wastelands  where the burnt ruins of MLTT  lie scattered - rough oldtau location-on-the-map indicator is the fall of 2015 with
''Tau as a Generalized Blockchain'' - posted Oct 17, 2015, 6:33 AM [updated Oct 17, 2015, 6:49 AM]
and then we reach the fertile gardens of newtau  in the fall of 2017:
''The New Tau'' - posted Dec 31, 2017, 12:27 AM [updated Dec 31, 2017, 12:28 AM]
Hmm. Apparently we crossed a watershed. Which relief feature it was? - The ridge  of:
''Tau and the Crisis of Truth'' - posted Sep 10, 2016, 8:25 PM [updated Sep 10, 2016, 8:28 PM]
Tau sorts out the Towers. I hope that the synopsis in this short chapter of Exegesis helped to sort out Tau dev in time as a navigation lookup tool.
Software is nothing but states of hardware. There is that intimate deep, not yet codified into a neat compact of logic, connection between Gödel , Heisenberg  and Laws of thermodynamics .
Tau keeps us off these traps.
I do not dare to state that someday we won't have the command on infinities and to play with them with the ease  of
''... a boy playing on the seashore, and diverting myself in now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me.''
In fact, quite the opposite I'd rather take it as inevitability someday we to conquer the Cantor  expanses and to venture far even beyond that. To transcale  the transfinite. Like Hilbert  said it.:
''Aus dem Paradies, das Cantor uns geschaffen, soll uns niemand vertreiben können. (From the paradise, that Cantor created for us, no-one can expel us.)''
But it takes ... finitary vehicles of DECIDABILITY to conquer the transfinitary outer spaces. Because, in order to dear to dream to tame the infinities, we must first harness and get full command of finities.
Including of ourselves. Tau is ''understanding each other''. Without Tau we are ... others to ourselves.
Imperare sibi maximum imperium est.
Hans Moravec  is the patriarch of robotics . The real one, not the Sci-Fi father. Asimov was just the prophet in this scheme of things.
Moravec to Kurzweil is what's Bitcoin to Ethereum and Satoshi to Vitalik.
Sorry, for the rough joke. No offence, Ray! Back in the earler 2000s I bought your books too .
In my humble opinion - aside from the ''reality intratextualization''  concept - the other wisdom jewel of Moravec's - fruit of a life devoted to robotics - is the Moravec's Paradox .
Explained in his own words:
Encoded in the large, highly evolved sensory and motor portions of the human brain is a billion years of experience about the nature of the world and how to survive in it. The deliberate process we call reasoning is, I believe, the thinnest veneer of human thought, effective only because it is supported by this much older and much more powerful, though usually unconscious, sensorimotor knowledge. We are all prodigious olympians in perceptual and motor areas, so good that we make the difficult look easy. Abstract thought, though, is a new trick, perhaps less than 100 thousand years old. We have not yet mastered it. It is not all that intrinsically difficult; it just seems so when we do it.
or with Steven Pinker's :
The main lesson of thirty-five years of AI research is that the hard problems are easy and the easy problems are hard. The mental abilities of a four-year-old that we take for granted – recognizing a face, lifting a pencil, walking across a room, answering a question – in fact solve some of the hardest engineering problems ever conceived...
As I noted in a previous related post of mine , a system's value dynamics is all about how it scales. Preferable of course are systems which make more good to go around than less. Respectively, to come around.
Humanity is a network, and its scaling is stumbled by our innate attentional resources limitations.
Human social interaction is a skill and we naturally have only as much of it.
For now, in the good old hierarchic way , we can't deny that we scale satisfactory well (as compared, lets say, to our DNA-blockchain-fork-out first cousins the chimps ) for collaborating efficiently on successful execution of trivial tasks like empire building or colonization of the Galaxy.
But not all problems we encounter are simple. In fact most problems are more complex than we are capable to grok and master in the hierarchic collaboration mode, which quickly slams into the Shannon's 'brick wall' 
Ohad Asor's Tau  is intended to be humanity upscaler . This project is the first and only one I've discovered so far where the so obvious (after you know it) problem is even identified, stated and addressed.
This means uplifting the individual humans too, because we are literally AIs serially manufactured by our society (cf. feral children ).
It feels easy for us to attend, to remember, to forget, to think, to talk, to work together - so it is extremely Moravec-hard!
Tau is unique approach towards the Moravec-hardness of these problems in the realization that we do not need at all to waste time and resources to mimic nature and copy ourselves and to create high tech homunculi .
The 'problem' is the solution. Don't 'solve' it - just god damn use it!
It is the people who ask questions, upload statements, express tastes and do all that qualia  crap humans usually do.
The machine distills the semantic essence of all the shared thought flow, treats it as wishes specs, and automatically converts into executable code, incl. its own code self-amendment.
As Moravec found out few decades ago  :
The 1,500 cubic centimeter human brain is about 100,000 times as large as the retina, suggesting that matching overall human behavior will take about 100 million MIPS of computer power.
When these processing brain things are really put together in numbers the result is unprecedented power. An unstoppable force. A glimpse into it by Ohad :
It turns out that under certain assumptions we can reach truly efficiently scaling discussions and information flow, where 10,000 people are actually 100 times more effective than 100 people, in terms of collaborative decision making and collaborative theory formation. But for this we'll need the aid of machines, and we'll also need to help them to help us.
Without application of dehumanizing individual upgrades, without to be necessary to understand and reengineer the billions of years of evolutionary capital, but just harness it and use it. (Scaling itself must be scalable, too, ah?)
In my personal up to date limited understanding it seems that it is indeed the HUMANITY what's to be known as the Tau's 'Zennet Supercomputer', and the machines are the ... collab amplifier media, the 'internet' of it. (Ohad, correct me if I'm wrong, please.)
Like laser configurations of minds.
With performance stronger than thought.
NOTE: I have the honor to be in the Tau Team, but all reflections in this post are personally my opinion.
Fuente Original: Artículo Oficial escrito por Ohad Asor y publicado en la web oficial del proyecto idni.org el día 12/03/2018.
Traducción al español: @HippieCycling
Ohad Asor Publicado el 12 de marzo de 2018, a las 6:30 PM
What is Tau-Chain?
The purpose of this article is to demonstrate how Tau-Chain (Tau) can be implemented in practice. I have already presented Tau and its four-step roadmap in my previous article, but I think that further explanation about Tau is required to better understand its applications.
Tau is basically a discussion platform (like any other social network you know) with two significant innovations:
*Just to clarify, knowledge can be facts, lines of code, qualitative and quantitative data, etc.
How Tau can be implemented in practice?
Tau will be a free, open-source platform to advance and execute knowledge. Think about it as a one-stop shop that provides free consulting services, in all areas, to large numbers of people. For example, if you would like to start an enterprise but you lack the relevant business skills, Tau can answer your questions and even perform a market research or analysis (if initial data is provided) to evaluate your business opportunity.
In order to better understand how Tau can improve our society, I am providing below a detailed example showing how I see the vision implemented in practice.
Suppose Alice and Olivia are Ph.D. students in computer science who face a problem with their research. They use Tau to discuss the details of their data, findings and hypothesis. Tau will automatically translate this information into its metalanguage, adding Alice and Olivia’s data to the knowledge archive. Tau is basically the third member in the conversation, and can guide Alice and Olivia to advance their research by interpreting the data and suggesting improvements to their findings. If the students would like to implement the research and develop computer software, Tau will assist them with writing the code in the most efficient way. Using Tau, Alice and Olivia can overcome the limits of their knowledge to quickly complete and implement their research.
But how can people profit from sharing their knowledge?
There is another way for Tau to deepen its knowledge and develop better intelligence. Tau can gain knowledge from the Knowledge Marketplace (Agoras), a blockchain based smart contracts platform where individuals are able to generate income by sharing knowledge and information. With every transaction and exchange of knowledge, Tau will be exposed to the data to become more “educated” and accurate, resulting in a better knowledge deduction capability.
I know that smart contract platforms already exist, but they all lack very important capabilities – the ability to auto-verify the data, run quality assurance tests and suggest improvements to eliminate potential disagreements between the parties to a contract. Tau’s artificial intelligence will support the transaction between the two parties, and will make sure that there will be no fraudulent activities, inaccurate information or low-quality services. This will be the only platform where a computer that acts human (without human deficiencies) will supervise and support such transactions.
The following example demonstrates a possible application of Agoras:
Consider Bob, a software developer who has recently signed a smart contract with David to design a new software program. When Bob shared his code in the Knowledge Marketplace (Agoras), Tau verifies the relevancy of the code and will even suggest improvements to advance the code, eliminating a potential disagreement about quality and fraud. Upon Tau’s approval, Bob will receive his reward, as agreed in the contract. Tau will use the final code as additional knowledge to strengthen the platform’s intelligence.
As described above, the compensation mechanism will incentivize users to contribute their knowledge to advance ideas of others. Thus, we create a society in which individuals’ knowledge and expertise become public domain and can be better utilized to promote social health, welfare and resources.
I provided only a few examples of how Tau and Agoras can by implemented in practice. My examples were computer-science related, but you should realize that Tau-Chain can advance ideas and produce knowledge for every collaborative human endeavor across all fields, including sciences, business and government. Think about a situation where you have a problem and need some help – this is where Tau can assist you with solving your problem and even execute the solution if required and applicable.
Just to clarify, Agoras is also the name of the tokens that users will use in the Knowledge Marketplace (the smart contract platform). Agoras tokens holders will also benefit from developments that will be built as part of Tau’s ecosystem, including a Computational Resource Market (“Zennet”), Distributed Search Engine and a Derivatives Trading Platform.
To end this article, I would like to quote the last paragraph in my previous article, as it is still relevant:
"I foresee huge potential for this project, and urge you to read and learn about this project and its relevant applications. If you find this vision interesting, I recommend that you follow the project on Telegram,Facebook, LinkedIn and Reddit, or read Ohad’s blog for further information."
Disclaimer: I have invested in Agoras. Please do your own research before investing in Agoras and/or any other coin or project. Please do not consider this article to constitute financial advice.
The vision of Tau-Chain, a blockchain based self-amending platform designed to scale human collaboration and knowledge building. By Isar Flis. Posted on Steemit. January 8, 2018.
The Crypto-Currency Market
With the fluctuation in the price of Bitcoin, there are more voices claiming that the crypto-currency market is a bubble, warning investors about the risks of investing and possibly losing their funds. One of the claims is that virtual coins have no real value. However, by carefully studying this market, the potential investor will discover that some projects include technology, innovation, true vision and strong community, thus creating a fiscal value like that of other successful startup companies.
Today, it is difficult to predict which coin will secure a place among the top currencies on Coinmarketcap. There are large number of projects and buzz-words, used in fancy websites and white-papers, which make it challenging to extract the relevant information and make educated investments. In addition, there are projects that work “under-the-radar” and are very technical to comprehend, discouraging potential investors.
I would like to discuss one of these technical projects that works under-the-radar, without a fancy website or extensive marketing campaign but with brilliant innovation and fast-growing community. The name of the project is Tau-Chain (Agoras tokens on Coinmarketcap), developed by Ohad Asor.
Tau is a collaboratively self-amending program designed to scale human collaboration and knowledge building. To further clarify the explanation, think about a platform that can develop any computer program the user desires, based solely on discussions with his or her team about the program’s specification and development. The use of such a platform can change not only the crypto-ecosystem, but all branches of science.
Tau’s vision has a long way to go. However, Ohad has developed a detailed roadmap to achieve his vision. Tau will be developed in four stages, as follows:
Tau Meta Language (TML): TML is the base language that will enable all users to interact with each other, no matter what computer language they speak. Think about it as the technology behind Google Translate, but for computer languages, or as Ohad calls it: “the Internet of Languages”.
Alpha: Alpha is a social platform that promotes discussions between infinite numbers of users. Today, an effective conversation cannot be held when too many people take part in the decision-making process (that is why democracy was created). However, Alpha will be able to scale these discussions and detect logical points of consensus between users, thus enabling better knowledge sharing and construction.
Beta: Beta will advance Alpha to enable the development of computer programs, based on user discussions in the platform. To make this more tangible, think of Wix.com where anyone can easily develop a website, even without the technical expertise. With Beta, the code for any computer program will be developed based on specific instructions that the user provides.
Tau: Tau is where blockchain is introduced, thereby creating a decentralized platform (the Tau-Chain), compared to the centralized Beta. Tau will be self-amending and will be able to deduce knowledge based on the information submitted by its users. In its final stage, Tau will amplify the creation of knowledge for its users, advancing current human-knowledge, research and development in different disciplines, such as physics, mathematics and computer science.
The reasoning behind designing the roadmap in four stages is that each stage can support the advancement of the next one. This year we expect the development of the first two stages, TML and Alpha, to be completed. Using Alpha’s discussion platform, an infinite number of developers can join the project to build Beta, expediting its go-to-market date. After Beta is developed, it will only be a matter of time until Tau is completed as all technical challenges will be resolved using Beta.
The legal entity behind this operation is called “IDNI” (Intelligent Decentralized Networks Initiatives), which is composed by Tau’s development team and support units.
So, what is Agoras?
While Tau creates a true knowledge society, Agoras is about creating true monetary knowledge, by powering the ecosystem built via Tau. Agoras will be used to execute the applications of Tau, Zennet (Computational Resource Market), derivatives trading platform and further developments to be built as part of Tau’s ecosystem.
There are 42 million agoras in total. Most of the tokens were sold by Ohad during 2017. The sold tokens, named IDNI Agoras, represent the future Agoras coins holders will receive upon the completion of Tau (fourth stage), where the blockchain is introduced.
The current price of one IDNI Agoras is around ~$2 (traded on Bittrex), which has shown a steady growth throughout the development of the project. The initial code that was released as a proof of concept strengthened the confidence of investors in Tau, compared to competing projects.
I foresee huge potential for this project, and urge you to read and learn about this project and its relevant applications. If you find this vision interesting, I recommend that you follow the project on Telegram, Facebook and Reddit, or read Ohad’s blog for further information.
Disclaimer: I have invested in Agoras. Please do your own research before investing in Agoras and/or any other coin or project. Please do not consider this article to constitute financial advice.
Zennet Presentation by Ohad Asor and Q&A.
Fuente / Source: Canal de Ohad Asor en Youtube.
What is Tau?
Tau is a decentralized network that can amend itself based on decisions f its users. Tau will provide a platform for users to reach agreements and decisions, in the largest scale seen so far. A social platform to reach agreements: Tau is a blockchain based platform that will allow for on-the-fly logical consensus detection which enables it to scale some of the largest bottlenecks to human advancement including social governance and knowledge creation. By using a self defining and decidable logical framework, Tau is the first platform able to gather data voluntarily submitted by its users and logically deduce valuable knowledge over a network secured with the blockchain technology. What this means is that in effect, we can scale collaborative endeavors between thousands of users to greatly accelerate the production of knowledge. The only dynamic decentralized social network: When Tau’s community will face a decision to change Tau or its blockchain protocol, they will just need to express their opinions and perspectives, like we do today in the social networks, and Tau will self-amend itself based on users’ agreement. Considering the perspectives of the entire community (unlike voting) is the only way to reach a decentralized decision that benefits all users. Tau’s ability to scale discussions is the only decentralized solution to create a true dynamic protocol.
What is Agoras?
Agoras is a cryptocurrency and an integral platform built over the Tau network and will serve as the primary economy. While Tau creates a true knowledge society, Agoras is about creating true monetary knowledge, by powering the ecosystem built via Tau. Agoras will be used to execute the applications of Tau, Zennet (Computational Resource Market), derivatives trading platform and further developments to be built as part of Tau’s ecosystem. Through the power of Tau, we envision the possibility of fully autonomous businesses operating over the Agoras virtual economy.
Special fields: Language, Knowledge, Economy, Collaboration, Discussion, Choice, Blockchain, Cryptocurrency, Logic, Dynamic Protocol, Decentralized Network, Internet of Languages
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Suggested readings to better understand the Tau ecosystem, Tau Meta Language, Tau-Chain and Agoras, and collaborate in the development of the project.
Lecturas sugeridas para entender mejor el ecosistema Tau, Tau Meta Lenguaje, Tau-Chain y Agoras, y colaborar en el desarrollo del proyecto.